Category: This Month in Coal

Foresight Energy capitalized on strong export markets and improved domestic spot opportunities to post record steam coal sales of 23.4 million tons in 2018, generating total revenue of $1.1 billion and adjusted EBITDA of more...

The world’s largest exporter of thermal coal, Glencore announced it would be capping its yearly coal production in the future to combat climate change. Glencore said it will prioritize its capital investment to grow production...

Kameron Collieries, an affiliate of The Cline Group, and owner/operator of the Donkin coal mine in Cape Breton, Nova Scotia, temporarily suspended production at Donkin due to a roof collapse in an older part of the mine. The...

In its latest quarterly report, Australian miner South32 noted exceptional improvement from its longwall mining units at its Illawarra Metallurgical Coal, which allowed it to exceed prior-production guidance. Coal production...

Queensland’s coal exports have reached a record high and yearly totals are predicted to continue growing, according to the Queensland Resources Council (QRC). The council said 223 million metric tons (mt) of coal was shipped...

The U.S. coal company, Cloud Peak Energy, the largest pure play Powder River Basin coal producer, announced that on December 26, 2018, it was notified by the New York Stock Exchange (NYSE) that the average closing price of the...

Turquoise Hill Resources signed a Power Source Framework Agreement (PSFA) between Oyu Tolgoi and the Government of Mongolia (Government), which provides a binding framework and pathway forward for the construction of a Tavan...

By Gerd Strasmann WUPPERTAL, Germany—During December, the long tradition of hard coal mining ended with an emotional final act at the Prosper-Haniel mine in Bottrop, Germany. With tears in their eyes and singing the song Glück...

MacMines Austasia Pty Ltd. has received approval from Queensland’s coordinator general for the China Stone Coal project, a major step for the development of another huge Australian coal project. MacMines Austasia is a subsidiary...

New Hope has reached a binding commitment with Taipower with respect to the Bengalla Joint Venture (JV). Taipower will purchase a further 10% interest in the Bengalla JV by participating in the sale by Wesfarmers Ltd. of its 40%...

Natural Resource Partners and Foresight Energy recently settled litigations regarding Foresight Energy’s Hillsboro Energy Deer Run mine and Foresight Energy’s Macoupin Energy Shay mine. Upon execution of final documents, NRP...

During early October, Westmoreland Coal Co. entered into a restructuring support agreement (RSA) with members of an ad hoc group creditors. To implement the RSA, the company filed voluntary petitions for relief under chapter 11...